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GRAY v. FARMLAND INDUSTRIES, INC.

No. C1-94-2138.

529 N.W.2d 514 (1995)

Donald GRAY, as Father and Natural Guardian of Kristine Gray, a Minor, et al., Respondents, v. FARMLAND INDUSTRIES, INC., Appellant, George Longtin, et al., Defendants.

Court of Appeals of Minnesota.

Review Denied June 14, 1995.

Attorney(s) appearing for the Case

James E. Nicolai, Gjevre, McLarnan, Hannaher, Vaa, Skatvold & McLarnan, Moorhead, for respondents.

Gary J. Haugen, Mary R. Vasaly, Maslon, Edelman, Borman & Brand, Minneapolis, for appellant.

Considered and decided by HARTEN, P.J., HUSPENI and MANSUR, JJ.

OPINION

MARTIN J. MANSUR, Judge.

Judgment approving minor settlement was entered in 1984 requiring Farmland Industries to purchase an annuity for the benefit of Kristine Gray. The payor of the annuity subsequently became insolvent, and the annuity was assumed by a successor insurer, with payments substantially lower than the intended benefits. In 1994, the trial court granted Kristine Gray's motion for relief from the 1984 judgment, amending the judgment...

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